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Stock Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Adobe Inc. (NASDAQ:ADBE)

Sidelines Mode (+55) - ADBE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ADBE?

MarketClub looks at technical strength and momentum to determine if the timing is right for ADBE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_ADBE
Open High Low ADBE Price Change
557.050 561.090 548.960 551.395 -5.455
Entry Signal

MarketClub’s Trade Triangles for ADBE

long term up The long-term trend has been UP since Jul 1st, 2024 at 558.48

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2024 at 491.68

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 563.92

Smart Scan Analysis for ADBE

Based on our trend formula, ADBE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ADBE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
557.050 561.090 548.960 551.395 -5.455
Prev. Close Volume Bid Ask Time
551.000 1642934 2024-07-19 15:59:20
Year High277.61Year High Date2018-09-14
Year Low175.26Year Low Date2018-01-02
52wk High638.2552wk High Date2024-02-02
52wk Low433.9752wk Low Date2024-05-31
Year End Close37.68Average Volume3,129,547
Shares Outstanding443,400Short Interest9,940,077
% Institutional90.2Market Cap134,845M
Assets300,070,000MLiabilities151,640,000M
P/E Ratio50.0314Beta1.17
Volatility51.29
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